The Best Way to Do Your Own Taxes (and Save Money!)

It may seem terrifying at first, but you can learn how to do your own taxes.

Let’s take a look at what forms you’ll need to fill out, tax credits and deductions you can take, and your filing options. You can DO this!

Organize Your Tax Forms

Your first step is to gather all your tax forms. If you work as an employee, you’ll get a W-2 from any jobs you have.

Freelancers and independent contractors will usually get 1099 forms. If you work a side hustle, you may also have received a 1099, even if you work a traditional job.

A 1098 is another important form, especially if you have a mortgage or interest income from a savings account. You may also have a 1098-T if you or a dependent are in school.

Know Your Status

After you have everything you need to file your, consider your tax status. Your status can make a difference in your tax liability.

Many individuals will fall into the single filing status. A lot of married couples file jointly, but you don’t have to. And if you own a home and have dependents, you can file as a head of household.

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